525 | SMB For Sale 525 Santa Monica Blvd 40 Unit Block of Flats For Sale Santa Monica, CA 90401
INVESTMENT HIGHLIGHTS
- SUBMIT OFFERS or Call Agent for Pricing Guidance, Motivated Seller
- 100% Occupied Trophy Mixed-Use Opportunity in Downtown Santa Monica
- Fully Secure Mixed-Use Building 6 Blocks from the ocean, 3 blocks from the 3rd Street Promenade
- There is a possibly assumable $17M loan at 3.40% through 11/2030 -contact agent for details
- Three Levels of Subterranean Onsite Parking
- Irreplaceable real estate in a downtown, coastal beach city
EXECUTIVE SUMMARY
Submit Offers *There is a possibly assumable $17M loan at 3.40% through 11/2030.
MEI Real Estate Services is pleased to offer a rare opportunity to acquire a state-of-the-art mixed-use property located at 525 Santa Monica Boulevard in Santa Monica, California. 525|SMB is an extremely well-located, Class A apartment community located in the heart of Downtown Santa Monica. Constructed in 2013, this 40-unit secured-access mixed-use building contains four stories of inviting luxury living space above 3 ground-floor retail units. The property offers 3 levels of subterranean parking with convenient alley access, proximity to the new metro/expo line transit, and unbeatable access to the ocean, pier and downtown amenities. 525|SMB is at the core of an activity-filled, distinctly walkable neighborhood full of shops, restaurants, fitness studios, executive fitness clubs, luxury health spas, premium luxury retail, bars/lounges, service retailers, recreational outdoor facilities, beach clubs, and everything in between. The continued addition of walkable retail shops and incoming hotel developments entering the Westside with the recent completion of the Downtown Expo line development continues to enhance the resident experience and community even more within less than 1/2 mile of 525|SMB. Access the listing website here: https://meirealty.com/properties/525smb/.
Averaging 889 SF per unit, the unit mix ranges from 622 SF - 877 SF one-bedroom/ one-bathroom units to 918 SF - 1,180 SF two-bedroom/
two-bathroom units that appeal to a broad spectrum of renters. 525|SMB’s desirable tenant mix includes twenty-five (25) one- bedroom/one-bath units and fifteen (15) two-bedroom/two-bath units, all with full-size balconies and/or decks, some decks totalling up to 300 SF in additional square footage.
Please contact listing agent for more details and do not disturb the retail tenants, residential tenants or onsite residential manager.
MEI Real Estate Services is pleased to offer a rare opportunity to acquire a state-of-the-art mixed-use property located at 525 Santa Monica Boulevard in Santa Monica, California. 525|SMB is an extremely well-located, Class A apartment community located in the heart of Downtown Santa Monica. Constructed in 2013, this 40-unit secured-access mixed-use building contains four stories of inviting luxury living space above 3 ground-floor retail units. The property offers 3 levels of subterranean parking with convenient alley access, proximity to the new metro/expo line transit, and unbeatable access to the ocean, pier and downtown amenities. 525|SMB is at the core of an activity-filled, distinctly walkable neighborhood full of shops, restaurants, fitness studios, executive fitness clubs, luxury health spas, premium luxury retail, bars/lounges, service retailers, recreational outdoor facilities, beach clubs, and everything in between. The continued addition of walkable retail shops and incoming hotel developments entering the Westside with the recent completion of the Downtown Expo line development continues to enhance the resident experience and community even more within less than 1/2 mile of 525|SMB. Access the listing website here: https://meirealty.com/properties/525smb/.
Averaging 889 SF per unit, the unit mix ranges from 622 SF - 877 SF one-bedroom/ one-bathroom units to 918 SF - 1,180 SF two-bedroom/
two-bathroom units that appeal to a broad spectrum of renters. 525|SMB’s desirable tenant mix includes twenty-five (25) one- bedroom/one-bath units and fifteen (15) two-bedroom/two-bath units, all with full-size balconies and/or decks, some decks totalling up to 300 SF in additional square footage.
Please contact listing agent for more details and do not disturb the retail tenants, residential tenants or onsite residential manager.
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Stainless Steel Appliances
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- On-Site Retail
- Lift
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 674 - 877 |
| 2+2 | 17 | - | 918 - 1,180 |
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 4291-010-012 | Improvements Assessment | £24,326,319 |
| Land Assessment | £1,591,983 | Total Assessment | £25,918,302 |
ZONING
| Zoning Code | SMC3* |
